The Jan’26 Brent futures contract rose this morning, from $63.65/bbl at 07:15 GMT to $64.05/bbl at 10:30 GMT (time of writing). In the news, Reuters trade sources have stated that India’s Reliance has purchased 1mb of heavy crude from Kuwait
There continued to be great support in the gasoline complex this week, with the strength especially pertinent, and arguably disconnected, in Europe. Prompt cracks in the US, Asia, and Europe are at seasonal highs. The M1 RBOB swap crack has
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Gasoline and Naphtha….
The naphtha swaps market remains largely lacklustre as market players seek direction in the market. A drone attack on the Russian Black Sea port of Novorossiysk took the second-largest exporting terminal of Russian naphtha offline briefly….
The Jan’26 Brent futures contract eased this afternoon, from $64.70/bbl at 14:00 GMT to $64.37/bbl at 17:15 GMT (time of writing). In the news, the BBC has reported that a Turkish LPG tanker was struck by Russian drones in the
View: Bearish  Target Price: $62.5-64/bbl Government shutdown to momentum shutdown Volatility is dropping, and M1 Brent futures hit firm resistance on 11 Nov as the contract met the 50-day moving average and downtrend line from late-September. The contract has continued
In the week ending 11 Nov, the M1 ICE Brent futures contract continued to follow the downtrend from the start of October, seeing a slightly weekly net improvement, from closing at $64.30/bbl on 04 Nov, to just over $65.00/bbl on
The Jan’26 Brent futures contract has risen this morning, from $63.70/bbl at 07:00 GMT to $64.43/bbl at 10:00 GMT (time of writing). According to LSEG data, loadings have resumed at Russia’s Novorossiysk port on Sunday, following a two-day suspension due
The Jan’26 Brent futures contract rose this afternoon, from $63.70/bbl at 13:30 GMT to $64.60/bbl at 16:00 GMT (time of writing). In the news, Reuters has reported that Russia’s Saratov oil refinery (capacity 147kb/d) has halted operations following Ukrainian drone
The Jan’26 Brent futures contract initially softened to $63.60/bbl at 08:55 GMT but met support here and climbed above $64/bbl, sitting at $64.55/bbl at the time of writing (10:30 GMT). Russia’s Black Sea port of Novorossiysk curtailed its oil exports
The Jan’26 Brent Futures contract fell this afternoon to $63.02/bbl at 16:06 GMT, before recovering to $63.30/bbl at 16:59 BST. At 17:30 BST (time of writing) prices had softened to $63.15/bbl. In the news, Lukoil faces US sanctions pressure, forcing
The US government shutdown is finally over! Everyone, mind your manners and say welcome back; the journey was not easy. It has been 43 tense days, and the Democrats will be tending to their wounds for the time being. As
The HSFO market has been under pressure over the fortnight, although both regions continue to hold at, or near, seasonal highs. The Dec’25 3.5% barges crack fell from -$3.20/bbl to around -$5.10/bbl by mid-November but remains at seasonal highs. Open
The Jan’26 Brent futures contract saw a little support in the early morning, from $62.34/bbl at 01.11 GMT, to $62.80/bbl at 07.10 GMT. The contract has softened since, to $62.50/bbl at 09.21 GMT (time of writing). The API reported a
In the week ending 11 Nov, the M1 Brent futures contract traded down to $62.84/bbl on 06 Nov before meeting support and rising to $65.29/bbl on 11 Nov. Prices were initially pressured by growing concerns of an oil surplus. However,
